Authority to secure deposits in accordance with chapter — Bonds and securities for deposits dispensed with.

RCW 39.58.090
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
All institutions located in this state which are permitted by the statutes of this state to hold and receive public funds shall have power to secure such deposits in accordance with this chapter. Except as provided in this chapter, no bond or other security shall be required of or given by any public depositary for any public funds on deposit. All institutions located in this state which are permitted by the statutes of this state to hold and receive public funds shall have power to secure such deposits in accordance with this chapter. Except as provided in this chapter, no bond or other security shall be required of or given by any public depositary for any public funds on deposit.
Source: WA Statutes (Official Site)URL: https://app.leg.wa.gov/RCW/default.aspx?cite=39.58&full=trueFetched: 6/29/2026

Starting a business in Washington? Washington LLC guide: costs and requirements